Friday, December 4, 2020
Friday, December 4, 2020

‘Pink Star’ diamond sells for record $71.2 million in bidding war

Get Your Content. Daily.

Be the first to know about the biggest stories as they break. Sign up for breaking news email alerts from Your Content.

HONG KONG (Reuters) – A 59.60-carat pink diamond sold for a record $71.2 million in Hong Kong on Tuesday to local jewelers Chow Tai Fook after a five-minute bidding war between three phone bidders.

The “Pink Star“, the largest Internally Flawless Fancy Vivid Pink diamond ever graded by the Gemological Institute of America according to Sotheby’s, set “a new record for any diamond or jewel at auction”, the auction house tweeted.

The diamond failed to sell in November 2013. The gem fetched a record $83 million but the buyer could not pay.

However, Patti Wong, chairman of Sotheby’s Asia, said the Tuesday’s three bidders had been vetted for this sale.

- Advertisement -

“All three bidders…have a long standing relationship with the company and we were very, very confident that all three bidders had the financial capability and of course the buyer definitely had the financial capability,” she said.

“We’re not worried at all.”

(Reporting by Pak Yiu; Editing by Louise Ireland)

- Advertisement -

Protect Independent Journalism

Your Content is a nonprofit newsroom registered in Pennsylvania [Entity No.: 6690403] that produces nonpartisan, evidence-based journalism to expose injustice, corruption and wrongdoing.

Spearheading the news revolution for Americans across the nation, Your Content has brought a voice to those the media failed to acknowledge.

This story you’ve just finished was funded by our readers and we hope it inspires you to make a gift to Your Content so that we can publish more reports like this one that holds people in power to account and produces real change.

Your donation will help us ensure that we can continue this critical work. We are busier than ever covering stories you won’t see anywhere else.

USA
14,772,535
confirmed cases
Updated on December 4, 2020 9:23 pm
united states
285,550
deaths
Updated on December 4, 2020 9:23 pm
united states
5,828,103
active
Updated on December 4, 2020 9:23 pm
united states
8,658,882
recovered
Updated on December 4, 2020 9:23 pm
World
66,224,358
confirmed cases
Updated on December 4, 2020 9:23 pm
world
1,524,260
deaths
Updated on December 4, 2020 9:23 pm
world
19,378,087
active
Updated on December 4, 2020 9:23 pm
world
45,322,011
recovered
Updated on December 4, 2020 9:23 pm

Related Articles